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Capital Required $127,575 - $250,000
Liquid Capital $90,000
Net Worth $400,000
Financing Assistance No Financing Available
Training and Support Available
Initial Franchise Fee $20,000
Average Sales Last Year $1,481,740
Existing Units 360
Once Upon a Child has been buying and selling new and gently used clothes, toys and equipment for almost 25 years. As the largest children's resale chain in North America, it is also one of the more affordable franchise businesses for sale. Each location has a wide selection of clothing, footwear, toys, baby gear, furniture and equipment at prices that can be up to 70% less than retail. The company has gained a loyal following due to its commitment to buying only quality items that are clean, in good shape and have passed safety checks. Customers who bring items in for sale can either receive cash on the spot or get credit towards something new. Those who decide to start a franchise with Once Upon a Child will find themselves with a popular product that offers customers excellent value.
Once Upon a Child has been experiencing rapid growth recently and is a good low-cost franchise to buy. Owned by the Winmark Corporation, the company now has more than 256 franchised locations in 48 states and Canada, with new stores opening on a monthly basis. All of its stores are owned and operated by franchisees, some of whom have no prior experience operating a retail establishment. Many own and operate the business with family members. The average store makes roughly $850,000 in sales annually with an average gross profit of about $550,000. Once Upon a Child provides business planning and development support and ongoing training to franchisees beforehand, on-site, and in-house after the store opens. Those who start a Once Upon a Child franchise give the company generally good reviews when it comes to corporate support. Given that it's a recession-proof business, Once Upon a Child is one of the stronger franchise opportunities available.
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